Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) Short Interest Up 75.0% in October

Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 700 shares, a growth of 75.0% from the September 30th total of 400 shares. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is presently 0.4 days.

Banca Mediolanum Stock Up 1.1%

Shares of BNCDY opened at $40.20 on Friday. The business’s 50-day moving average is $40.19 and its two-hundred day moving average is $35.56. Banca Mediolanum has a fifty-two week low of $28.85 and a fifty-two week high of $41.79.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Banca Mediolanum in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

About Banca Mediolanum

Banca Mediolanum S.p.A. provides various banking products and services in Italy. The company offers current accounts; deposits; and mortgages and loans. It also provides debit, credit, and prepaid cards; investment products, such as mutual funds, unit linked policies, investment strategies, other investments, trading, and retirement products; and life insurance products and services.